Inmar Reverse Logistics Acquires MedTurn

Press release

(Winston-Salem, NC – July 7, 2003)  Carolina Logistics Services (CLS), a leading provider of returned goods management and reverse logistics solutions, expands their industry reach and unsaleables management expertise through the acquisition of Med-Turn, Inc.  The acquisition, scheduled for a late July closing, involves the sale of all of Med-Turn's pharmaceutical returned goods management operations.
"We are extremely excited to announce the addition of Med-Turn to the CLS family", stated Mark Doughton, President, Carolina Logistics Services.  "They bring with them extensive knowledge of the pharmaceutical reverse logistics market as well as a set of comprehensive solutions designed specifically for their client base."  Doughton went on to say, "The acquisition of Med-Turn provides CLS the ability to offer our current grocery, drug chain and mass merchandising clients an exceptional end to end solution to address their unique pharmaceutical returned goods management needs.  Furthermore, we're broadening our reach as a company into new markets and industries which is vital to CLS' long term growth."

"This transaction and alignment with CLS will propel Med-Turn's on-going solution development & expansion plans and provide increased value to our clients and their trading partners," said Kelly McVey, Med-Turn President & CEO.  "Med-Turn's driving force is our people and their unwavering commitment to customer service.  CLS clearly embraces these same values and as a result has become the industry leader today."

As a wholly owned subsidiary of Carolina Logistics Services Med-Turn will continue to service their existing clients from their current operations and administrative facility in Westfield, IN. under the direction of Kelly McVey.

Carolina Logistics Services, an Inmar Inc. operating company, is a leading full service provider of reverse logistics, returned goods management and warehouse services.  CLS clients include the nation's largest grocery retailers and wholesalers, drug store chains and mass merchandisers.  For more information about CLS visit our website at www.inmar.com.

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